SYSTM Wealth Solutions LLC Cuts Stake in Workday, Inc. (NASDAQ:WDAY)

SYSTM Wealth Solutions LLC reduced its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 34.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,851 shares of the software maker’s stock after selling 3,594 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Workday were worth $1,532,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WDAY. Dimensional Fund Advisors LP increased its stake in Workday by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 199,304 shares of the software maker’s stock worth $55,020,000 after buying an additional 3,231 shares during the period. Avantax Advisory Services Inc. increased its position in shares of Workday by 28.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,890 shares of the software maker’s stock valued at $798,000 after purchasing an additional 644 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Workday by 13.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 20,703 shares of the software maker’s stock valued at $5,715,000 after purchasing an additional 2,527 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Workday by 28.0% in the 4th quarter. Quadrant Capital Group LLC now owns 604 shares of the software maker’s stock valued at $167,000 after purchasing an additional 132 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Workday in the 4th quarter valued at approximately $521,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Down 0.4 %

WDAY stock opened at $248.12 on Wednesday. Workday, Inc. has a one year low of $199.81 and a one year high of $311.28. The stock has a market capitalization of $65.75 billion, a PE ratio of 44.71, a price-to-earnings-growth ratio of 5.07 and a beta of 1.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.04 and a current ratio of 2.04. The company has a fifty day moving average of $236.20 and a 200-day moving average of $242.39.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, topping the consensus estimate of $1.65 by $0.10. Workday had a net margin of 19.59% and a return on equity of 5.34%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the business earned $0.40 EPS. The business’s revenue was up 16.5% on a year-over-year basis. As a group, analysts expect that Workday, Inc. will post 2.39 EPS for the current year.

Insider Transactions at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $255.45, for a total value of $1,915,875.00. Following the completion of the transaction, the director now owns 90,000 shares in the company, valued at approximately $22,990,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $255.45, for a total value of $1,915,875.00. Following the completion of the transaction, the director now owns 90,000 shares in the company, valued at approximately $22,990,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 56,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $218.58, for a total transaction of $12,240,480.00. Following the completion of the transaction, the insider now owns 730,000 shares of the company’s stock, valued at approximately $159,563,400. The disclosure for this sale can be found here. In the last quarter, insiders sold 466,402 shares of company stock worth $107,992,034. Company insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on shares of Workday from $293.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. KeyCorp increased their price objective on shares of Workday from $275.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. BMO Capital Markets dropped their price objective on shares of Workday from $338.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Piper Sandler increased their price objective on shares of Workday from $262.00 to $285.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, JMP Securities restated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Friday, May 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $288.15.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.